Graña y Montero Announces Consolidated Results for 2014
30 January 2015 - 2:53PM
Business Wire
Graña y Montero S.A.A. (NYSE: GRAM) (BVL: GRAMONC1) (“the
Company” or “Graña y Montero”) a leading Engineering and
Construction company, announced its consolidated results for the
fourth quarter (“4Q2014”) period ended December 31, 2014. These
results have been prepared in accordance with International
Financial Reporting Standards (“IFRS”) and are stated in nominal
Peruvian Nuevos Soles (S/.).
Financial Highlights:
- The Group achieved Revenues of S/.
7,008.7 MM in 2014, a 17.5% growth compared to 2013
- Gross Profit amounted to S/. 951.3 MM
in 2014, decreasing 5.3% compared to 2013
- EBITDA was S/. 915.2 MM in 2014, lower
by 11.2% than the result obtained in 2013
- Net Income registered a decrease of
6.5%, reaching S/. 299.6 MM in 2014
- Backlog amounted to US$ 3,765.4 MM as
of 2014, equivalent to 1.7x the annual revenues, and the recurrent
businesses amounted to US$ 580.0 MM, reaching a total of US$
4,345.5 MM
For a full version of Graña y Montero’s 2014 Earnings Release
please visit www.granaymontero.com.pe
About Graña y Montero S.A.A.
Founded in 1933, Graña y Montero is the only Peruvian
engineering and construction company listed on the Lima Stock
Exchange since 1997 and in the NYSE since 2013. The Company has
participated in the development of major engineering and
construction projects in Peru, including large-scale, complex
projects in the energy, mining, construction and real estate
sectors.
With 82 years of operations, the Company has leveraged its
engineering and construction expertise into complementary lines of
business, such as the development, ownership, operation and
maintenance of infrastructure assets, real estate developments, and
the provision of technical services. The Company has significant
investments in infrastructure concessions, such as three toll roads
and Line 1 of the Lima Metro.
The Company has also executed several projects outside Perú, and
has acquired three companies in Chile: DSD Construcciones y
Montajes, an engineering and construction company specialized in
providing services to the energy, oil and gas, cellulose and mining
sector in Chile and Latin America; Vial y Vives, a construction
company specialized in the mining sector, and CAM, which is
specialized in electric services, with operations in Chile, Peru
and Colombia. It recently acquired a company in Colombia: Morelco
S.A. a recognized Colombian company specialized in
electromechanical assemblies, civil works, and services for the oil
and gas industry as well as energy industry.
Graña y Montero S.A.A.Dennis Gray F., 511-213-6583Investor
Relations
Officerdgray@gym.com.perelacion.inversionistas@gym.com.pe
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